Hanjin’s Panamax Quartet Sold for USD 22.4 Mn

Four of Hanjin Shipping’s 4,275 TEU containerships were sold to South Korean company Korea Marine Transport Co (KMTC) for a price of USD 22.4 million, according to data provided by VesselsValue.

News ID: 70772

Date: 10 December 2016 - 11:55

The 2008-built Panamaxes, which were sold through a bank sale, are the Hanjin Durban, Hanjin Norfolk, Hanjin Piraeus and Hanjin Rio de Janeiro, MANA correspondent reported.

Featuring a length of 260 meters and a width of 32 meters, the vessels, built by South Korea’s Samsung Heavy Industries Co, fetched a price tag of USD 5.6 million each.

VesselsValue data shows that each of the boxships has a market value of around USD 5.3 million.

The sale comes only days after Dutch media reported that three 13,000 TEU Hanjin containerships were sold at an auction in Rotterdam for a total of USD 392 million.

Another Hanjin ship, the Hanjin Gold, is expected to be auctioned off by a Rotterdam court in January 2017.